Deduction in respect of commission earned by lic agent


This query is : Resolved 

08 February 2012 HI ALL.......
INDIVIDUAL HAVE INCOME FROM SALARY FROM PRIVATE LIMITED COMPANY & COMMISSION FROM LIC RS 81000/-. HIS COMMISSION IS ABOVE 60000/- THATS WHY HE CANNOT CLAIM ADHOC DEDUCTION. HE IS NOT MAINTAINED BOOKS REGARDING EXPENDITURE. SO NOW CAN HE TREAT IT AS PART TIME BUSINESS AND FILED HIS RETURN U/S 44AD?

PLEASE HELP ITS URGENT?


09 February 2012 HELOO ALL

PLEASE HELP ME??????

12 February 2012 YES, HE CAN FILE HIS RETURN U/S 44AD.


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